Volatility again rocked the financial markets Monday, sending stocks, including those of Las Vegas casino companies, reeling. Investors grew nervous about an amorphous government plan to buy $700 billion in banks’ mortgage debt.
Sierra Pacific Resources’ utility subsidiaries Nevada Power Co. of Las Vegas and Sierra Pacific Power Co. of Reno are changing their names, but questions are being raised over the effectiveness of the name change.
Shares in General Growth Properties, a company that owns some of the most prestigious malls in Las Vegas, fell to their lowest value since 2002 on Monday after an announcement that management will consider “core and noncore asset sales” to boost the stock price.
An obsession with data and a fascination with the curious habits of prom dress shoppers has led Bill Tancer to the best-seller list.
The Las Vegas housing market is “moving along” and eating through excess inventory of foreclosures, which now account for about 80 percent of resales, a local housing analyst said Monday.
Anyone digging for some decent economic news can unearth quite a bit at the Las Vegas Convention Center.
